Suzhou Shiming Technology Co., Ltd. (hereinafter referred to as "the Company") guarantees that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions. The financial statements for 2025 have been audited by Lixin Certified Public Accountants (Special General Partnership), which issued a standard unqualified audit report. The financial settlement report for 2025 is as follows:
I. Key Financial Data for 2025
In 2025, the Company achieved an operating income of 718,481,968.36 RMB, an increase of 3.04% compared to the same period last year; the net profit attributable to shareholders of the listed company was 20,411,010.39 RMB, a decrease of 9.77% compared to the same period last year. The main financial indicators are as follows:
| Item | 2025 | 2024 | Change from Last Year | 2023 |
|---|---|---|---|---|
| Operating Income (RMB) | 718,481,968.36 | 697,285,297.32 | 3.04% | 681,594,931.31 |
| Net Profit Attributable to Shareholders (RMB) | 20,411,010.39 | 22,620,590.21 | -9.77% | 18,008,483.17 |
| Net Profit Attributable to Shareholders Excluding Non-Recurring Gains and Losses (RMB) | 12,285,543.00 | 19,415,092.15 | -36.72% | 23,839,649.69 |
| Net Cash Flow from Operating Activities (RMB) | 11,399,684.88 | 109,053,350.35 | -89.55% | 83,131,187.04 |
| Basic Earnings per Share (RMB/share) | 0.0633 | 0.0702 | -9.83% | 0.0558 |
| Diluted Earnings per Share (RMB/share) | 0.0633 | 0.0702 | -9.83% | 0.0558 |
| Weighted Average Return on Equity | 2.54% | 2.84% | -0.30% | 2.25% |
At the end of 2025, the total assets amounted to 1,020,331,477.04 RMB, a decrease of 8.51% compared to the end of 2024; the net assets attributable to shareholders of the listed company were 789,497,673.42 RMB, a decrease of 0.88% compared to the end of 2024.
II. Analysis of Financial Condition, Operating Results, and Cash Flow
(1) Analysis of Asset Situation
| Item | December 31, 2025 | December 31, 2024 | Year-on-Year Change (%) |
|---|---|---|---|
| Cash and Cash Equivalents | 146,505,300.07 | 139,104,180.57 | 5.32% |
| Trading Financial Assets | 0.00 | 11,000,000.00 | -100.00% |
| Accounts Receivable | 102,479,721.73 | 103,691,459.65 | -1.17% |
| Financing Receivables | 100,745,304.28 | 93,969,273.64 | 7.21% |
| Prepayments | 15,401,126.85 | 5,175,489.83 | 197.58% |
| Other Receivables | 34,861,383.07 | 574,630.31 | 5,966.75% |
| Inventory | 92,179,661.62 | 111,151,435.33 | -17.07% |
| Other Current Assets | 20,937,406.84 | 19,125,964.23 | 9.47% |
| Long-term Receivables | 16,315,574.15 | 0.00 | - |
| Other Non-current Financial Assets | 54,514,107.99 | 22,414,887.98 | 143.20% |
| Fixed Assets | 307,005,074.11 | 450,542,226.34 | -31.86% |
| Construction in Progress | 53,247,834.36 | 37,116,269.11 | 43.46% |
| Right-of-use Assets | 184,535.83 | 627,422.11 | -70.59% |
| Intangible Assets | 30,048,587.66 | 47,280,033.99 | -36.45% |
| Goodwill | 0.00 | 23,657,399.46 | -100.00% |
| Long-term Deferred Expenses | 4,293,744.60 | 12,824,849.28 | -66.52% |
| Deferred Tax Assets | 37,302,890.97 | 36,076,101.09 | 3.40% |
| Other Non-current Assets | 4,309,222.91 | 878,050.85 | 390.77% |